Archived
I currently own an LLC. I'm starting a new brand. Should I create a whole new company or just file a DBA to house the new one?
Snehal's answer
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Answered on October 23, 2015
If there are issues with the current LLC, you are better off starting a new entity. Also, if the owners and management of the new brand will be...
Archived
What specific steps and forms need be completed to issue shares to owners of new corporation?
Snehal's answer
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Answered on October 23, 2015
You should have each shareholder sign a Share Purchase Agreement and prepare a stock ledger. You may also want to issue share certificates or...
Archived
I gave a loan to someone I did not know was a corporation. He says his corporation is liable and not him. Is he right?
Snehal's answer
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Answered on October 23, 2015
You should consult with an attorney and provide all facts as well as any paperwork so that they can assess the case and guide you re: next steps....
Archived
Where is the best place for me to find a release of all claims for a lawyer who is retracting their 1% from our startup?
Snehal's answer
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Answered on October 22, 2015
You are unlikely to find such a release online. It will have to be drafted and customized for your situation. Also, depending on how the equity was...
Can a parent LLC which owns a subsidiary LLC be the only managing member of the subsidiary LLC ?
Snehal's answer
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Answered on October 22, 2015
Yes to both of your queries. Please have a business lawyer draft your Operating Agreement and related paperwork to avoid any issues in future.
Archived
Online Startup Legal Issues
Snehal's answer
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Answered on October 21, 2015
Repeat question; my answer is copied below:
If you are still in the process of building your startup and if you are doing it alone, then you...
Archived
Online Internet Startup
Snehal's answer
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Answered on October 21, 2015
If you are still in the process of building your startup and if you are doing it alone, then you could hold off registering/incorporating your...
Archived
Can the business I contract to (as an independent contractor) enforce a "Post-Employment" non-compete clause of a NDA I signed?
Snehal's answer
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Answered on October 21, 2015
It appears unlikely that the company will be able to impact your Australian operations, but it may affect your U.S. operations particularly if the...
Archived
I'd like to register two companies to my Nevada resident and I have a business partner in India.
Snehal's answer
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Answered on October 21, 2015
It will not make sense to set up a foreign partnership as your Indian partner will then be subject to U.S. taxes. Also there will be larger issues...
Archived
If the current contract to provide services has no language in it to extend or auto-renew, can you extend it with an amendment?
Snehal's answer
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Answered on October 20, 2015
An amendment will work. For instance, you could always amend and add a new clause or modify existing clause to include renewal provision. I do not...
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